3,392 Shares in PACCAR Inc (NASDAQ:PCAR) Purchased by Gitterman Wealth Management LLC

Gitterman Wealth Management LLC bought a new position in shares of PACCAR Inc (NASDAQ:PCAR - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm bought 3,392 shares of the company's stock, valued at approximately $353,000.

A number of other large investors also recently bought and sold shares of the company. Madrona Financial Services LLC lifted its holdings in shares of PACCAR by 1.1% in the 4th quarter. Madrona Financial Services LLC now owns 8,051 shares of the company's stock worth $837,000 after purchasing an additional 91 shares during the last quarter. Global Financial Private Client LLC lifted its holdings in shares of PACCAR by 1.0% in the 4th quarter. Global Financial Private Client LLC now owns 9,716 shares of the company's stock worth $1,011,000 after purchasing an additional 97 shares during the last quarter. Insight Wealth Partners LLC lifted its holdings in shares of PACCAR by 1.4% in the 3rd quarter. Insight Wealth Partners LLC now owns 7,700 shares of the company's stock worth $760,000 after purchasing an additional 104 shares during the last quarter. Valley National Advisers Inc. lifted its holdings in shares of PACCAR by 0.6% in the 4th quarter. Valley National Advisers Inc. now owns 19,063 shares of the company's stock worth $1,982,000 after purchasing an additional 106 shares during the last quarter. Finally, EverSource Wealth Advisors LLC lifted its holdings in shares of PACCAR by 14.4% in the 4th quarter. EverSource Wealth Advisors LLC now owns 850 shares of the company's stock worth $88,000 after purchasing an additional 107 shares during the last quarter. Institutional investors own 64.90% of the company's stock.

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Insider Transactions at PACCAR

In related news, CEO R Preston Feight sold 25,200 shares of PACCAR stock in a transaction on Friday, January 31st. The stock was sold at an average price of $110.98, for a total transaction of $2,796,696.00. Following the completion of the sale, the chief executive officer now owns 206,129 shares of the company's stock, valued at approximately $22,876,196.42. This trade represents a 10.89 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Darrin C. Siver sold 103,671 shares of the business's stock in a transaction dated Friday, January 31st. The stock was sold at an average price of $111.56, for a total value of $11,565,536.76. Following the completion of the sale, the executive vice president now directly owns 61,005 shares of the company's stock, valued at $6,805,717.80. This represents a 62.95 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 165,547 shares of company stock valued at $18,261,908 over the last quarter. Company insiders own 2.02% of the company's stock.

PACCAR Price Performance

Shares of NASDAQ PCAR traded down $1.27 during mid-day trading on Thursday, reaching $98.32. The company had a trading volume of 2,483,324 shares, compared to its average volume of 2,505,775. The company has a current ratio of 2.54, a quick ratio of 1.39 and a debt-to-equity ratio of 0.56. The stock has a market cap of $51.60 billion, a PE ratio of 12.43, a P/E/G ratio of 2.77 and a beta of 0.91. The company has a 50-day moving average price of $106.68 and a two-hundred day moving average price of $106.45. PACCAR Inc has a 1-year low of $90.04 and a 1-year high of $125.50.

PACCAR (NASDAQ:PCAR - Get Free Report) last issued its earnings results on Tuesday, January 28th. The company reported $1.66 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.70 by ($0.04). PACCAR had a return on equity of 23.53% and a net margin of 12.36%. On average, equities analysts anticipate that PACCAR Inc will post 7.57 earnings per share for the current year.

PACCAR Increases Dividend

The firm also recently announced a dividend, which was paid on Wednesday, January 8th. Stockholders of record on Friday, December 20th were given a $3.00 dividend. The ex-dividend date was Friday, December 20th. This is a boost from PACCAR's previous dividend of $0.89. PACCAR's dividend payout ratio (DPR) is 16.69%.

Analyst Ratings Changes

Several brokerages recently issued reports on PCAR. UBS Group downgraded PACCAR from a "buy" rating to a "neutral" rating and cut their price target for the stock from $124.00 to $108.00 in a report on Tuesday. Jefferies Financial Group downgraded PACCAR from a "buy" rating to a "hold" rating and set a $120.00 price target on the stock. in a report on Friday, December 6th. JPMorgan Chase & Co. cut their target price on PACCAR from $132.00 to $121.00 and set an "overweight" rating on the stock in a research note on Tuesday. Evercore ISI cut their target price on PACCAR from $129.00 to $127.00 and set an "outperform" rating on the stock in a research note on Wednesday, February 19th. Finally, Truist Financial lifted their target price on PACCAR from $112.00 to $113.00 and gave the company a "hold" rating in a research note on Wednesday, January 29th. Eight investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, PACCAR presently has a consensus rating of "Moderate Buy" and a consensus price target of $118.23.

PACCAR Company Profile

PACCAR Inc designs, manufactures, and distributes light, medium, and heavy-duty commercial trucks in the United States, Canada, Europe, Mexico, South America, Australia, and internationally. It operates through three segments: Truck, Parts, and Financial Services. The Truck segment designs, manufactures, and distributes trucks for the over-the-road and off-highway hauling of commercial and consumer goods.